A federal judge has declared EminiFX a Ponzi scheme, ordering its founder, Eddy Alexandre, to pay $228 million in restitution. The ruling followed a lengthy investigation by the […]
Kroll Lawsuit Explores Cybersecurity Failures Following FTX Data Breach
Kroll, a financial and risk advisory firm, is facing a class-action lawsuit from FTX creditors over alleged negligence following a data breach that exposed sensitive personal information of […]
Taiwan Charges 14 in BitShine Crypto Fraud Case
**BitShine Investigation:** Taiwanese authorities have charged 14 individuals linked to the $41 million BitShine crypto scam, addressing accusations of fraud and money laundering without statements from BitShine leadership. […]
USDT Scam Uncovered: Six Arrested in Taiwan
A recent USDT scam involving a South Korean businessman has shed light on the risks associated with peer-to-peer cryptocurrency transactions. Six suspects were apprehended for their alleged role […]
Cryptocurrency Fraud Case Reveals Rise of Shady Schemes
A recent cryptocurrency fraud case brought to light by the U.S. Department of Justice highlights the growing trend of scammers exploiting the increasing popularity of digital currencies. The […]
HashFlare Founders Sentenced: $577M Crypto Scheme Lands Co-Conspirators Behind Bars
Sergei Potapenko and Ivan Turõgin, the co-founders of defunct crypto mining platform HashFlare, have been sentenced to 16 months in prison. Their sentence reflects a lighter penalty than […]
Do Kwon Set to Reshape $40 Billion Terra Collapse Case: Expecting Plea Shift
Do Kwon’s plea change is expected to dramatically impact the ongoing $40 billion Terra collapse fraud case. Judge Paul Engelmayer has been notified of his upcoming shift and […]
Barcelona Court Investigates Cryptocurrency Fraud Case Targeting Football Players
A court in Barcelona is investigating a potential cryptocurrency fraud case involving professional footballers. Shirtum, a company accused of defrauding investors to the tune of at least $3.4 […]
Former SafeMoon CEO Found Guilty in $200 Million Cryptocurrency Fraud
Braden John Karony, former CEO of SafeMoon, has been convicted on charges of conspiracy to commit securities fraud, wire fraud, and money laundering. The conviction, delivered on May […]
Ex-SafeMoon CEO Sentenced to 45 Years in Crypto Fraud Case
Former SafeMoon CEO, Braden Karony, has been sentenced to 45 years in prison for defrauding investors and misusing stolen funds. A New York federal jury found him guilty […]
SEC Charges Unicoin Executives in $100 Million Fraud Case
The U.S. Securities and Exchange Commission filed charges against Unicoin and its executives for allegedly defrauding investors of over $100 million. The complaint was announced on May 21, […]
Pi Network: $8 Billion Fraud Allegation Rocks Crypto Project
The cryptocurrency world has long faced scrutiny, with the Pi Network facing serious accusations of fraud. A recent allegation points to a potential multi-billion dollar scam linked to […]
SEC Prioritizes Cryptocurrency Fraud Under New Leadership
The Securities and Exchange Commission (SEC) has made cryptocurrency fraud a top priority under its new leadership, driven by a significant increase in investor losses. Acting Inspector General […]
Shanghai Police Dismantle Crypto Wallet Fraud Scheme
A major crackdown by Shanghai authorities has dismantled a complex cryptocurrency fraud scheme, targeting overseas scammers with an elaborate ‘labor recruitment’ tactic. The operation led by individuals Miao […]
Bitcoin Scam Risks Climb Amidst Regulatory Warnings
U.S. regulators issue alerts regarding an increase in Bitcoin scams, emphasizing the need for heightened consumer awareness. They warn about tactics used by scammers impersonating legitimate professionals to […]